Proficio Capital Partners LLC Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Proficio Capital Partners LLC acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,341 shares of the company's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AUB. GAMMA Investing LLC grew its position in shares of Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock valued at $50,000 after acquiring an additional 284 shares during the period. Atria Investments Inc lifted its stake in Atlantic Union Bankshares by 5.9% in the 4th quarter. Atria Investments Inc now owns 5,834 shares of the company's stock valued at $221,000 after purchasing an additional 326 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock worth $35,000 after purchasing an additional 410 shares during the period. Pettyjohn Wood & White Inc. increased its position in Atlantic Union Bankshares by 5.2% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock worth $327,000 after buying an additional 425 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock valued at $1,224,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 78.58% of the company's stock.

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Atlantic Union Bankshares Stock Performance

NASDAQ:AUB traded down $1.16 during mid-day trading on Friday, reaching $30.53. 377,801 shares of the company's stock were exchanged, compared to its average volume of 733,372. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $2.74 billion, a PE ratio of 13.35 and a beta of 0.91. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one year high of $44.54. The business's fifty day simple moving average is $35.54 and its two-hundred day simple moving average is $37.79.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 4.46%. Atlantic Union Bankshares's dividend payout ratio is presently 59.39%.

Analyst Ratings Changes

AUB has been the subject of several research analyst reports. Piper Sandler initiated coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 target price for the company. Keefe, Bruyette & Woods decreased their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research note on Thursday, January 30th. Finally, Hovde Group cut their price objective on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.20.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.